Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in crypto, Binance’s $6.3 billion security incident has left unanswered questions about how the exchange managed its hot wallets and limited the amount attackers could access, exchanges moved to reassure customers about their cold storage reserves following Binance’s hack, and Bitcoin plunged below $76,000 as US stocks erased gains made after the midterm elections.
Binance’s $6.3 billion security incident has left unanswered questions about how the exchange managed its hot wallets and limited the amount attackers could access.
Binance co-CEO Richard Teng said on Oct. 30 that the attack affected the exchange’s own hot wallet. Most customer assets were held in offline cold storage and moved to hot wallets only when users requested withdrawals.
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